Option Care Health drops due to supply chain disruptions
** Shares of Option Care Health OPCH.O, a homecare health services provider, slip 20% to $24.3 due to supply chain disruptions
** Disruption is related to the production of intravenous solution bags following the aftermath of Hurricane Helene.
** Disruption is affecting their ability to support existing and new patients, primarily within its acute therapies portfolio, said CEO John Rademacher
** Rademacher further said that the disruption is expected to negatively impact Q4 results and is considered in their updated 2024 outlook
** Forecast for FY 2024 rev is between $4.9 bln to $4.95 bln, still above prior forecast of $4.75 bln to $4.85 bln
** Shares down 27% YTD, including Wednesday's losses
Reporting by Vedant Vinayak Vichare in Bengaluru
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